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How to buy veDAO (WEVE) safely and securely

Welcome to this article, where we will see how you can buy VeDAO without having to pay high commissions and in a quick and easy way. It is currently not listed on one or more exchanges, but you can get it through the DEFI spookyswap exchange. If you don’t know how to do this, we’ll go through it here, step by step. 

If you want to know all the aspects of this cryptocurrency in more detail, later on, after seeing the step-by-step, we will go over what VeDAO is so that you can know more about this cryptocurrency before you buy it and know what you are investing your money in. 

Where to buy VeDAO

To buy VeDAO we will use Binance and Metamask wallet, for me this is the best option, but you can also use other wallets if you don’t use Metamask like trustwallet and other well-known wallets. The cash currency will be used to buy FTM and USDT or any other cryptocurrency you want, exchange them with the VeDAO token and finally get that cryptocurrency.

In addition, we will need FTMs to pay network fees. You can create an account with Binance right below if you don’t have one yet to follow the steps. 

Platform: Binance
Min. deposit: $10
License: Cysec

Very low commissions
Exchange with more cryptocurrencies

5/5

If you already have the metamask in your Fantom wallet to pay the fee, less than a dollar, just go to spookyswap, and copy the VeDAO contract to find the token. You can find it on Coingecko or coinmarketcap by searching VeDAO, or you can copy the contract from the Fantom network just below:

0x911da02c1232a3c3e1418b834a311921143b04d7

With this contract, you can find the token, to exchange it for the cryptocurrency of your choice in spookyswap. You can also add the token to metamask and see how much you have after you buy it.

It is currently listed on gate.io exchange, where you can create your account below and buy without using spookyswap more easily if you are new to cryptocurrencies.

Platform: Gate.io
Min. Deposit: $10
License: Cysec

New cryptocurrencies (ICO’s)
Growing exchange

5/5

Step by step

Let’s look in detail at how you can buy VeDAO. The first thing to do is to log in to Binance. If you don’t have an account, you can create one here. With your account, you need to make a deposit to have funds to buy FTM. You can deposit funds with your credit card to get the balance directly and without having to wait or make a bank transfer, although this will take a few days to use. 

Once you have funds in your account, go to the markets and select your currency pair against USDT (Tether), for example EUR/USDT. You can then buy Fantom. Once you have selected your pair, you need to go to sell, and indicate the amount you want to exchange your currency for USDT, and then buy Fantom. 

Once you have purchased the USDT, you can go back to the main menu to see that the USDT are already in your account and that the order has been executed. Go back to the market, look for the FTM/USDT pair and click on it. 

Here you will see the same buy and sell panel again, where you need to go to buy, to exchange your USDT for the amount of Fantom you want. Once you have chosen the amount, click buy and you will have it.

You should always have a small amount of FTM in your metamask wallet to pay commissions, less than a dollar. 10-15$ of FTM is enough for several transactions and you do not run out of FTM.

Once you have obtained the FTM, you need to click on the cryptocurrency, and click withdraw. Go to your metamask and click on the address, you will see that an address is copied when you click on it. You need to enter this address in Binance to withdraw your FTM from Binance to Metmask. It is very important to indicate the Fantom network and the amount you wish to withdraw. The fee is $0.03. Verify that the information is correct and confirm the transaction with the codes. 

Open your metamask wallet, and if the Fantom network is set up, the amount of FTM you transferred should appear within a few minutes. If you haven’t set up the Fantom network, I suggest you see how to set up the Fantom network in Metamask so you can use it, otherwise you won’t be able to buy VeDAO. It is very simple and all you have to do is copy the settings it tells you. 

Having done this, we need to go to Spookyswap. Here, from, it says FTM and to, the VeDAO symbol. If you look for it, you will not find it. To use it, you need to copy the contract address and paste it. You can look for it in coingecko to see it, or you can copy it just below:

0x911da02c1232a3c3e1418b834a311921143b04d7

The VeDAO token should then appear, and you can change it.

Before you click swap, you will need to go to the settings wheel, Slippage Tolerance and make sure it is set to 0.50% to avoid trading your cryptocurrencies with large price fluctuations. You can change this setting in the top right corner of the wheel.

If your slippage tolerance is 0.50%, simply click swap, confirm the swap and validate the trade in your wallet. After a few seconds, you will see your VeDAO in your wallet. Don’t forget to add the token to metamasca by copying the cryptocurrency contract to see your VeDAO in your wallet. You can then use VeDAO to play games and win money.

Platform: Binance
Min. deposit: $10
License: Cysec

Very low commissions
Exchange with more cryptocurrencies

5/5

What is VeDAO?

The people deserve a distro!

With the governance election to pass VIP-5, veDAO has entered into a partnership with Solidex to assist in the management of Solidly’s veNFT. The community can earn $SOLID and $SEX rewards by depositing their USDC-WEVE LP tokens with Solidex. Tune in to the veDAO Discord group and governance forum to stay up to date.

veDAO is an experiment with a single purpose: to capture enough LTVs to qualify as a top 20 project on Fantom, meeting the snapshot requirements to receive one of Andre Cronje’s ve3 NFTs.

In several tweets and in a post on Medium, Andre Cronje outlined the planned distribution of ve3 NFTs to “the top 20 Fantom TVL teams,” with Fantom TVL ranking based on DeFiLlama dashboards. The exact date of the TVL snapshot is unknown, but is likely to be before January 21, 2022.

Individuals can farm the veDAO governance token, $WeVE, through a four-week yield/liquidity mining program. Holders of $WeVE will collectively govern the Cronje ve3 NFT, and the DAO governance will determine how any future NFT rewards will be distributed.

This is a fair launch: no seed, no private sale, no pre-farming, and no other insider deal. 10% of the total token supply will be allocated to the information token DAO (Twitter, website), which developed and will continue to support the project. 5% will be allocated to veDAO and held in a multi-sig (including a non-information token DAO member) for growth and development of the protocol, and ongoing operating expenses.

The VEO will be distributed via performance/liquidity mining on Fantom. The distribution will be made to “Pool 1” and “Pool 2” participants. Participants can deposit six assets in Pool 1 to farm $WeVE, or provide liquidity for $WeVE-MIM in SpiritSwap to earn boosted rewards in Pool 2. Those opting for LP in Pool 2 should be acutely aware of the risk and rewards inherent in these strategies

Pool 1 Assets: ETH, FTM, USDC, MIM, YFI, FRAX

Pool 2 Asset: LP SpiritSwap $WeVE-$MIM tokens

Resource: Introduction to Yield Farming.

The $WeVE governance token is not designed or intended to carry any monetary value, regardless of whether the DAO successfully acquires a Cronje ve3 NFT. $WeVE represents only governance rights to a Cronje ve3 NFT. If veDAO does not make the top 20 in the NFT, participants can simply withdraw their wagered assets from the funds and move on.

The veDAO will be earned by users over time proportional to their contribution to the pools. Each Pool 1 will distribute the same amount of $WeVE, and users are free to deposit whatever suits them best. Users can also withdraw at any time – however, it should be noted that if veDAO is not among the top 20 TVLs at the time of the snapshot, you will not get the Cronje ve3 NFT.

Platform: Binance
Min. deposit: $10
License: Cysec

Very low commissions
Exchange with more cryptocurrencies

5/5

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